Mixed Investment 20-60% Shares sector dominates Cofunds sales list

The Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.

The sector accounted for 205% of net sales last month, followed by Targeted Absolute Return with 94% of net sales, and the Property sector which accounted for 67%. Cofunds head of commercial Graham Venn said: "The requirement of Mixed Investment 20-60% shares to hold a mix of equities, fixed income and cash make this a popular sector for investors who want to spread and manage risk. "With investors remaining cautious it is no surprise that this sector has remained at the top of the leaderboard for seven consecutive months. In addition, we saw the Property and Targeted Absolute Return ...